LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 13.05 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 13.52 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Moreover a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.07 |
| 2nd High | 13.94 |
| Next High | 13.52 |
| Current Price | 13.210000000 |
| Next Low | 13.05 |
| 2nd Low | 13.03 |
| 3rd Low | 12.82 |
13.52 – 13.37 – 13.28 – 13.05 – 13.08 – 13.12 — 52.659241292074 – 49.47976501033 — 95.379753732156 – 87.298681486324 – 96.770955563733 – 94.226145072827
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – – –